This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $104k initial cash invested.
-2.94%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$3,825
Rent
-$255
Cashflow
Cash Flow
$3,825 income − $4,080 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,825
Total Expenses
$4,080
Mortgage P&I
60%
$2,284
Property Taxes
9%
$351
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421